Northwest Bancshares: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Northwest Bancshares (NASDAQ:NWBI) reported Q4 earnings with an EPS of $0.23, missing estimates by 4.17% and a revenue decline from the previous year. Last quarter, NWBI beat EPS estimates which led to a slight increase in share price.
January 22, 2024 | 9:25 pm
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Northwest Bancshares reported a Q4 EPS of $0.23, missing the estimate by 4.17%, and a year-over-year revenue decline. Previously, a beat in EPS estimates led to a share price increase.
Missing earnings estimates and reporting lower revenue compared to the previous year are negative indicators that can lead to a decrease in investor confidence and a potential drop in stock price. Historically, NWBI's stock price increased after beating EPS estimates, suggesting sensitivity to earnings performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100